Serbia: US sanctions on NIS set for October 1 after brief extension Read More »

Serbia: US sanctions on NIS set for October 1 after brief extension

Serbian President Aleksandar Vučić announced that the United States has extended the sanctions deadline for the country’s oil company NIS by only four days, making them effective from October 1, 2025. The United States placed Serbia’s largest oil firm under sanctions on January 10, citing secondary risks tied to its majority Russian ownership in the […]

North Macedonia: Energy use in July 2025: Electricity production falls, thermal output rises, hydropower drops Read More »

North Macedonia: Energy use in July 2025: Electricity production falls, thermal output rises, hydropower drops

In July 2025, total electricity consumption in North Macedonia reached 421,489 MWh, while natural gas consumption stood at 25.6 million cubic meters. Coal consumption amounted to 357,665 tons, and petroleum product use totaled 112,946 tons. According to the State Statistical Office, all electricity consumed during the month was covered by domestic production, and 99.9 percent

Region: MOL warns JANAF pipeline fails to prove reliable capacity for supplying Hungary and Slovakia Read More »

Region: MOL warns JANAF pipeline fails to prove reliable capacity for supplying Hungary and Slovakia

Last week, Hungarian oil company MOL and Croatian state-owned transporter JANAF conducted joint tests on the JANAF pipeline, but results did not confirm that the system can sustain long-term crude oil flows to Hungary and Slovakia. According to MOL, the pipeline was only able to operate at the required capacity for short periods of one

Bulgaria to end Russian gas transit to Serbia and Hungary by 2026, phase out domestic use by 2028 Read More »

Bulgaria to end Russian gas transit to Serbia and Hungary by 2026, phase out domestic use by 2028

Bulgaria has announced that it will stop the transit of Russian natural gas through its territory to Serbia and Hungary starting in 2026. The decision comes after renewed calls from US President Donald Trump for European countries to reduce their reliance on Russian energy. Prime Minister Rosen Jelyazkov, speaking in New York during the UN

Europe: EU plans tariffs on Russian oil to curb dependence and push diversification Read More »

Europe: EU plans tariffs on Russian oil to curb dependence and push diversification

The European Commission is preparing to introduce tariffs on Russian oil that continues to enter the European market. Spokesman Olof Gill confirmed that the details of the plan will be presented shortly. The announcement follows a statement by Commission President Ursula von der Leyen after her recent meeting with US President Donald Trump, where she

Serbia secures additional gas supplies from Azerbaijan ahead of winter, Niš gas power plant project progresses Read More »

Serbia secures additional gas supplies from Azerbaijan ahead of winter, Niš gas power plant project progresses

During her official visit to Baku, Serbian National Assembly Speaker Ana Brnabić announced that Serbia will receive additional natural gas supplies from Azerbaijan this winter, supplementing previously agreed volumes. She emphasized that these extra deliveries, requested by President Aleksandar Vučić, will be vital for ensuring energy stability during the upcoming heating season. Brnabić also highlighted

Romania secures major financing for Cernavoda nuclear expansion and refurbishment Read More »

Romania secures major financing for Cernavoda nuclear expansion and refurbishment

Nuclearelectrica has secured two major financing agreements with a banking syndicate led by J.P. Morgan, providing crucial funding for Romania’s nuclear energy projects. The financing will support the refurbishment of Cernavoda Nuclear Power Plant’s Unit 1 and the preparatory phase for Units 3 and 4 construction, following shareholder approval. The lending consortium includes Banca Comerciala

Croatia explores transporting Iraqi crude via JANAF pipeline during upcoming Iraq visit Read More »

Croatia explores transporting Iraqi crude via JANAF pipeline during upcoming Iraq visit

During the upcoming official visit of the Croatian Foreign Minister to Iraq on 25–26 October, discussions will include the potential transport of Iraqi crude oil through the Croatian JANAF pipeline. Talks are set to cover broader economic cooperation, expansion of defense industry ties, and opportunities for using Croatian ports and JANAF’s infrastructure for oil shipments.

Croatia: JANAF denies MOL claims, confirms full pipeline capacity for central European refineries Read More »

Croatia: JANAF denies MOL claims, confirms full pipeline capacity for central European refineries

State-owned oil transport company JANAF has firmly rejected claims by Hungary’s MOL Group regarding alleged technical issues during capacity tests on the oil pipeline segment from the Sisak Terminal to the Hungarian border in September 2025. JANAF specifically dismissed suggestions that it cannot meet the annual crude oil needs of MOL’s two Central European refineries.

Bosnia and Herzegovina: FBiH restores Blazuj oil terminal after 30 years Read More »

Bosnia and Herzegovina: FBiH restores Blazuj oil terminal after 30 years

The Federation of Bosnia and Herzegovina (FBiH) has reopened the Blazuj terminal for oil and petroleum products, marking the first time in 30 years that the facility is fully operational. With a storage capacity of 42,000 cubic meters, the terminal is now ready to receive, store, and transfer fuel following reconstruction works and the issuance

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